$VRSN
VeriSign, Inc

2023 Q3 Form 10-Q Financial Statement

#000101447323000033 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $376.3M $372.0M
YoY Change 5.44% 5.71%
Cost Of Revenue $48.60M $50.30M
YoY Change -2.8% 1.62%
Gross Profit $327.7M $321.7M
YoY Change 6.78% 6.38%
Gross Profit Margin 87.08% 86.48%
Selling, General & Admin $51.70M $50.80M
YoY Change 5.3% 10.2%
% of Gross Profit 15.78% 15.79%
Research & Development $21.70M $22.20M
YoY Change 3.33% 9.36%
% of Gross Profit 6.62% 6.9%
Depreciation & Amortization $10.80M $11.30M
YoY Change -5.26% -5.04%
% of Gross Profit 3.3% 3.51%
Operating Expenses $73.40M $73.00M
YoY Change 4.71% 9.94%
Operating Profit $254.3M $248.7M
YoY Change 7.39% 5.38%
Interest Expense $18.80M -$18.90M
YoY Change 0.0% -200.0%
% of Operating Profit 7.39% -7.6%
Other Income/Expense, Net $13.10M $12.70M
YoY Change 167.35% 693.75%
Pretax Income $248.6M $242.5M
YoY Change 11.53% 10.88%
Income Tax $60.10M $56.80M
% Of Pretax Income 24.18% 23.42%
Net Earnings $188.5M $185.7M
YoY Change 11.21% 11.0%
Net Earnings / Revenue 50.09% 49.92%
Basic Earnings Per Share
Diluted Earnings Per Share $1.83 $1.79
COMMON SHARES
Basic Shares Outstanding 103.1M shares 104.1M shares
Diluted Shares Outstanding 103.0M shares 104.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $944.0M $935.6M
YoY Change -3.69% -6.15%
Cash & Equivalents $157.7M $343.9M
Short-Term Investments $786.0M $591.7M
Other Short-Term Assets $63.50M $54.90M
YoY Change -7.03% -15.93%
Inventory
Prepaid Expenses
Receivables $4.600M $5.300M
Other Receivables $0.00 $1.600M
Total Short-Term Assets $1.007B $997.4M
YoY Change -3.96% -6.1%
LONG-TERM ASSETS
Property, Plant & Equipment $238.2M $228.4M
YoY Change 1.28% -4.87%
Goodwill $52.50M $52.50M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $29.10M $398.9M
YoY Change -11.01% 1142.68%
Total Long-Term Assets $688.9M $679.8M
YoY Change -1.01% -2.93%
TOTAL ASSETS
Total Short-Term Assets $1.007B $997.4M
Total Long-Term Assets $688.9M $679.8M
Total Assets $1.696B $1.677B
YoY Change -2.78% -4.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.000M $7.600M
YoY Change 13.92% -14.61%
Accrued Expenses $97.00M $86.90M
YoY Change 0.62% 4.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.174B $1.142B
YoY Change 7.17% 6.98%
LONG-TERM LIABILITIES
Long-Term Debt $1.790B $1.789B
YoY Change 0.15% 0.12%
Other Long-Term Liabilities $45.40M $364.4M
YoY Change -30.05% 462.35%
Total Long-Term Liabilities $2.156B $2.153B
YoY Change -1.64% 0.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.174B $1.142B
Total Long-Term Liabilities $2.156B $2.153B
Total Liabilities $3.329B $3.295B
YoY Change 1.29% 2.41%
SHAREHOLDERS EQUITY
Retained Earnings -$13.65B -$13.84B
YoY Change -5.09% -4.9%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.43B $13.20B
YoY Change 7.1% 7.67%
Treasury Stock Shares
Shareholders Equity -$1.633B -$1.618B
YoY Change
Total Liabilities & Shareholders Equity $1.696B $1.677B
YoY Change -2.78% -4.84%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $188.5M $185.7M
YoY Change 11.21% 11.0%
Depreciation, Depletion And Amortization $10.80M $11.30M
YoY Change -5.26% -5.04%
Cash From Operating Activities $245.3M $145.3M
YoY Change -6.45% 0.28%
INVESTING ACTIVITIES
Capital Expenditures $28.60M $6.500M
YoY Change -514.49% -204.84%
Acquisitions
YoY Change
Other Investing Activities -$184.4M -$391.8M
YoY Change 595.85% -741.24%
Cash From Investing Activities -$213.0M -$398.3M
YoY Change 537.72% -825.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -218.1M -222.9M
YoY Change -20.34% -36.59%
NET CHANGE
Cash From Operating Activities 245.3M 145.3M
Cash From Investing Activities -213.0M -398.3M
Cash From Financing Activities -218.1M -222.9M
Net Change In Cash -185.8M -475.9M
YoY Change 312.89% 213.71%
FREE CASH FLOW
Cash From Operating Activities $245.3M $145.3M
Capital Expenditures $28.60M $6.500M
Free Cash Flow $216.7M $138.8M
YoY Change -19.47% -8.14%

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